Bajaj Allianz Life Insurance posted a profit of Rs 427 crore in 2009-10 as against Rs 41 crore in the previous year. After distribution of surplus from the revenue account to the shareholders, shareholders’ profit stood at Rs 417 crore.
Bajaj Allianz General Insurance posted a profit after tax of Rs 121 crore in 2009-10 as against Rs 95 crore for the year 2008-09.
The gross written premium of Bajaj Allianz Life Insurance grew by 7 per cent to Rs 11,420 crore. New business premium dropped to Rs 4,451 crore in 2009-10 as against Rs 4,491 crore in 2009-10.
